Private Insurers’ Individual Weighted Received Premium Grows 7% In January; LIC Reports Decline: Motilal Oswal

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Motilal Oswal Report

The Individual weighted received premium for private players grew 7% YoY in January 2021 (versus 3% in December 2020), while the industry posted a 21.8% decline (versus a growth of 3.4% in Dec-20).

The same was due to a strong base month (January 2020) in which the industry posted a sharp growth of 45.8% YoY (led by Life Insurance Corporation).

Private players continue to maintain their positive trajectory, led by the focus on the protection and non-par segments.

LIC reported a 45.4% YoY decline (versus a growth of 4.1% YoY in December 2020) in Individual WRP as the base month registered a strong growth of 98.5% YoY.

Click on the attachment to read the full report:

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.